potatorage
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January 16, 2015, 10:06:18 PM |
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The Ghash.io hash rate has been going down, so hopefully the difficulty will too.
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Rum152
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January 17, 2015, 11:50:13 PM |
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The Ghash.io hash rate has been going down, so hopefully the difficulty will too.
ghash only makes up a very small percentage of the overall network (10% of last check) so them taking their cloud miners offline will likely have a very small impact on the overall network hashrate. The trend seems to be that a lot of people are having to take their equipment offline because of the lowered price. The current estimate is that the difficulty is going to decline by around 2.5% however it appears that it will probably end up going down by more then that based on the 506 average block time
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indiemax
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January 20, 2015, 03:14:00 PM |
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If difficulty keeps going down and price stays the same,more miners decide to turn off until a rise in price
wouldn't that be quite a problem ?
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RageAgainst
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January 21, 2015, 03:15:28 PM |
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yea.. i think it will go down as well.
It should..n I think it will! Hopefully sooner than later!
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newIndia (OP)
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January 27, 2015, 04:50:35 PM |
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yea.. i think it will go down as well.
It should..n I think it will! Hopefully sooner than later! Right now on https://alloscomp.com/bitcoin/calculatorNext difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]
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Korbman
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January 29, 2015, 01:32:41 AM |
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And that, ladies and gentlemen, is an example of why you don't calculate hashrate / difficulty on a block-by-block basis (or however Alloscomp does it). It's terribly inaccurate.
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ajw7989
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January 29, 2015, 03:01:47 AM |
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based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down
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alh
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January 29, 2015, 10:57:57 PM |
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based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down
It's important to note that bitcoinwisdom isn't really very accurate in terms of it's projected difficulty change right after it's changed. It could easily swing to a positive number over the next 10 days. As has been noted before, The "turn off" of inefficient mining hardware can be delayed by a number of things. It might well be less costly to the organization to mine at a small loss than incur a bigger loss by turning off a miner altogether.
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chaosknight
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January 31, 2015, 09:18:11 AM |
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at current network Hash Rate: of 315,619,866 GH/s the estimated next mining difficulty is possibly : 40,593,388,140 that is lower then current mining difficulty 41,272,873,895
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nwfella
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February 01, 2015, 10:27:07 PM |
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Difficulty won't be dropping this period imho. Too much newer/more efficient hardware coming online.
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Gimme the crypto!!
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GermanGiant
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February 09, 2015, 04:14:14 PM |
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Difficulty won't be dropping this period imho. Too much newer/more efficient hardware coming online.
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
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Korbman
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February 09, 2015, 05:34:50 PM |
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Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin). So, unfortunately for us home miners, there's room for movement.
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jermwerty
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February 11, 2015, 12:58:34 AM |
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Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin). So, unfortunately for us home miners, there's room for movement. Well that would be without any other overhead. No AC/Fans, location rental, employees, etc. (US would probably need insurance too) My city (if you call 60K population a city) has $0.032 KWH power for "commercial" users over 50KW. Under 50KW is $0.048. Residential (what I pay) is $0.062
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philipma1957
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February 14, 2015, 04:37:34 AM Last edit: February 14, 2015, 04:50:23 AM by philipma1957 |
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we are down at the moment 0.2% to 2.95% see chart here http://btc.blockr.io/chartsfeb 10 142 feb 11 159 feb 12 124 feb 13 144 normal is 144 so 4 x 144 = 576 the 4 days above are = 559 we are 17 blocks short of normal about - 2.95% the s-3 is a white elephant in the room more then 50ph of them around the world getting .8 watts per gh. reliable gear this gear is being turned on and off as we seesaw up and down each adjustment. if your power is 12 cents and price is 208 your s-3 breaks even if your power is 13 cents and price is 225 your s-3 breaks even people are jumping back and forth with s-3's
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arieq
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February 25, 2015, 12:19:10 PM |
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when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be
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picolo
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February 25, 2015, 01:17:16 PM |
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when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be
It's usually because the price of BTC tanked.
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Mikestang
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February 25, 2015, 05:47:19 PM |
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Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin). So, unfortunately for us home miners, there's room for movement. I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining.
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moko666
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February 28, 2015, 11:45:38 PM |
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bitcoin mining difficulty will continue to rise check this site , here you can find current bitcoin difficulty, estimated next difficulty and the history of bitcoin mining difficulty also the historical charts https://bitcoinwisdom.com/bitcoin/difficulty
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newIndia (OP)
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March 01, 2015, 01:53:08 PM |
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Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin). So, unfortunately for us home miners, there's room for movement. I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining. Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...
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SimplisticStu
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March 01, 2015, 06:00:13 PM |
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Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin). So, unfortunately for us home miners, there's room for movement. I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining. Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe... Totally agree with this point. Are we going to see home miners vanish and a back and forth battle between big farms that switch hardware on and off dependent on their hashing power, location, costs etc?
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